This Import Export Business blog is dedicated to providing you with news, information and resources about the business of international trade. You will find the information useful to both business owners who wish to begin exporting or expand their export markets and new entrepreneurs seeking the basics of how to get started.

Monday, December 08, 2014

October 2014 Was A Record Month For USA Imports From China

The U.S. Census Bureau reports that despite October 2014 being a record month for imports from China, the October trade deficit in goods and services actually decreased by $0.2 billion from September, to $43.4 billion.The decrease in the deficit reflects a $2.3 billion increase in exports to $197.5 billion. This increase in exports was greater than the $2.1 billion increase in imports to $241.0 billion. Both exports and imports of capital goods reached a new record this month, with exports at $47.7 billion, and imports at $51.0 billion.Similarly, October marked records in both exports ($22.3 billion) and imports ($27.4 billion) with Mexico.This leads to the Census Bureau's Graph of the Month, featuring imports of cellphones. Imports of cellphones into the United States have trended upward since 1997, with China an important source.

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About Me

Started Coble International in 1988 with the express purpose of providing Export Import marketing assistance to manufacturers and providing B2B products and services to the global B2B community. Our business expanded exponentially in the late 1990's when we launched our website ImportExportHelp.com. The Internet was and continues to be the best marketing tool for ALL businesses, anywhere in the world. The Import Export business training courses we once offered have been used by community colleges, busineses and individuals around the world and our B2B marketing databases have been used by companies in 70 countries to expand their markets.